The Supreme Economic council (SEC)
approved the list of economic sectors from which foreign investors
will be excluded under the new foreign investment law. The economic
activities that are not open to foreign investors are:

The Activity

First

Manufacturing Sector

1

Oil exploration, drilling and production. (1)

2

Manufacturing of military equipment, devices and uniforms.

3

Manufacturing of civilian explosives.

Second

Service Sector

1

Catering to military sectors.

2

Security and detective services.

3

Insurance services.

4

Real estate investment in Makkah and Madina.

5

Tourist orientation and guidance services related to Hajj and
Umrah.

6

Recruitment and employment services including local
recruitment offices.